Investment & Transactions

The state of California inked a $37 million contract with Next Generation Advanced, a emergency communications management company, to run its Suicide Prevention & Mental Health Crisis Lifeline network. 

The Rare Impact Fund, created by singer and actress Selena Gomez, awarded $1.5 million in grants to organizations working to develop and expand global mental health services.

Here are 12 investments into mental healthcare totaling $1.2 billion that have been reported by Becker's since Feb. 2:

Investments in digital health companies dropped from $59.7 billion in 2021 to $25.9 billion in 2022 — a decrease of 57 percent — according to a report published by business intelligence company CB Insights.

Chapel Hill, N.C.-based UNC Health is planning to build a 54-bed children's behavioral hospital in Granville County, the Triangle Business Journal reported Feb. 14.

School resource organization Communities in Schools received a $165 million  donation to expand support programs at 1,000 schools in the U.S.

Brentwood, Tenn.-based Lifepoint Health, owned by private equity firm Apollo Global, added 18 hospitals and 35 outpatient facilities with its $250 million majority ownership acquisition of Louisville, Ky.-based behavioral health network Springstone.

Financial services startup Prosperity Behavioral Health acquired revenue-cycle management company Elevated Billing, according to a news release.

UnitedHealth Group formed a $3.2 million grant partnership with East Carolina University in Greenville, N.C., to expand the school's telepsychiatry program.

Local divisions of Aetna Better Health and Community Care invested a total of $1.2 million to develop a new mental health counseling graduate program at West Virginia Wesleyan College in Buckhannon.